Dow Jones down 4.6% - Worst fall since 2008

Crashy_Time

http://www.propertyindustryeye.com/dramatic-slump-in-buy-to-let-lending-blamed-on-government-intervention/


..and that`s before rates rise....:rotfl:

GreatApe

Crashy_Time wrote: »

http://www.propertyindustryeye.com/dramatic-slump-in-buy-to-let-lending-blamed-on-government-intervention/

..and that`s before rates rise....:rotfl:

BTL landlords selling does not mean house prices will go down

Landlords were net sellers in the 50s the 60s the 70s the 80s and the 1990s yet house prices went up in each if those decades.

Crashy_Time

GreatApe wrote: »

BTL landlords selling does not mean house prices will go down

Landlords were net sellers in the 50s the 60s the 70s the 80s and the 1990s yet house prices went up in each if those decades.

There are many more landlords now than in those decades.

westernpromise

Moby wrote: »

Look at the tory report it was recommending de-regulation.....de-regulation is not the same as better regulation. De-regulation means taking regulation away. Look above at the quotes from the report Cameron commissioned. To blame Labour is just looney tunes stuff and your terminology is rather sociopathic.

Hilarious, delusional nonsense. Labour, a party of freaks, Trots, anti-Semites, trade union bullyboys and Islington luvvies, dismantled a regulatory system under which we had had no financial crashes, and replaced it with one under which within 10 years we did.

Labour's credentials and understanding of financial services were and remain nil. You might just as well have had Noddy reform financial regulation. In fact, we pretty much did.

GreatApe

Crashy_Time wrote: »

There are many more landlords now than in those decades.

Do you ever check that what you post is true or do you just post what you hope as if it is true irrespective of facts?

The narrative of the hpc cheerleaders is that landlords drove prices up and as landlords exit that will drive prices down. Firstly it is not yet certain that the tax changes will drive landlords away. Remember landlords have been big net buyers for the last 10 years so the changes might just slow that so they are small net buyers.

But even if landlords start selling in large numbers there is no historical evidence to suggest that will have to lead to a price collapse.

1971-1981 private landlords sold a net 1.36 million homes yet nominal prices nearly tripled
1981-1996 private landlords were neither net buyers or net sellers yet nominal prices more than doubled

westernpromise

Landlords' bids for property are limited by considerations of yield. Owner-occupiers' bids are not so limited so it does not follow that fewer landlords buying = lower prices. We could just as easily see higher prices as rational bidders are outbid by irrational ones.

Either way, Crashy is utterly stuffed and doomed either to rent forever or to buy at far greater cost than he can ever recoup.

Graham_Devon

After a recovery, the DOW is down a further 1,000 points, 4.13%.

Lots of people losing lots of money with this volatility.

economic

Graham_Devon wrote: »

After a recovery, the DOW is down a further 1,000 points, 4.13%.

Lots of people losing lots of money with this volatility.

And so what? this volatility is much needed and healthy for the market. Shakes out the weak hands. Bring on this volatility and market correction!!

Thrugelmir

Graham_Devon wrote: »

Lots of people losing lots of money with this volatility.

Only short term speculators. Equity investment is for the longer term. The DOW is only back to where it was on November 10th last year.

triathlon

Graham_Devon wrote: »

After a recovery, the DOW is down a further 1,000 points, 4.13%.

Lots of people losing lots of money with this volatility.

And next month or week and most probably tomorrow it will recover yet again, yawn!!